Connecting the nation. and Beyond. - ChartNexus

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256 / MRCB annual report 2011 / NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2011 48 SIGNIFICANT EVENTS DURING THE FINANCIAL YEAR (cont’d) (g) The Company had on 7 October 2011 entered into a Share Sale Agreement with Pembinaan Redzai Sdn. Bhd. to acquire its entire 9.62% equity interest in Kuala Lumpur Sentral Sdn. Bhd. (KLSSB) represented by 4,810,000 ordinary shares of RM1.00 each and RM2,590,000 loan stock together with accrued loan stock interest for a purchase consideration of RM12.5 million. Upon completion of the acquisition, the Company’s effective equity interest in KLSSB will be increased from 64.38% to 74%. The Proposed Acquisition was completed on 29 December 2011. The transfer of the acquired shares is in progress. (h) The Company had on 9 November 2011 applied to Companies Commission of Malaysia to effect its thirteen (13) wholly owned subsidiaries under members’ voluntary liquidation pursuant to section 254(1)(b) of the Companies Act, 1965. These subsidiaries are Harmonic Fairway Sdn. Bhd., MR Enterprises Sdn. Bhd., MR Management Sdn. Bhd., MR Properties Sdn. Bhd., MRCB Cahaya Mutiara Sdn. Bhd., MRCB Dotcom Sdn. Bhd., MRCB Energy International Sdn. Bhd., MRCB Intelligent System and Control Sdn. Bhd., MRCB Trading Sdn. Bhd., Semasa ACE Urusharta Sdn. Bhd., Seri Iskandar Utilities Corporation Sdn. Bhd., Syarikat Gemilang Quarry Sdn. Bhd. and Taiyee Development Sdn. Bhd. At the date of this report, these subsidiaries are still in the process of liquidation. 49 SIGNIFICANT EVENTS SUBSEQUENT TO FINANCIAL YEAR (a) On 18 January 2012, three (3) levels on the upper floor of the building under construction of our wholly owned subsidiary, 348 Sentral Sdn. Bhd. was on fire. As at the date of this report, the Group is still assessing the impact of the damage. (b) The Company had on 8 February 2012 applied to Companies Commission of Malaysia to effect its three (3) nonwholly owned subsidiaries under members’ voluntary liquidation pursuant to section 254(1)(b) of the Companies Act, 1965. These subsidiaries are Cheq Point (M) Sdn. Bhd., MR-H Piling and Civil Engineering (M) Sdn. Bhd. and MR Construction Sdn. Bhd. At the date of this report, these subsidiaries are still in the process of liquidation.
50 COMPARATIVES Comparative figures have been adjusted or extended to conform with changes in presentation and to comply with the additional disclosure requirements of the revised FRSs that are applicable for the financial year ended 31 December 2011. 51 DIVIDENDS / MRCB laporan tahunan 2011 / 257 2011 2010 Gross dividend Amount of Gross dividend Amount of per share dividend per share dividend sen (net of tax) sen (net of tax) RM’000 RM’000 Proposed a first and final dividend - net of 25% income tax 2.0 20,795 1.50 15,571 The Directors recommend the payment of a first and final dividend in respect of the financial year ended 31 December 2011 of 2.0% or 2.0 sen per ordinary share less income tax of 25%, amounting to approximately RM20,795,000 which is subject to the approval of the members at the forthcoming Annual General Meeting.
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Connecting the nation. and Beyond.
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CONTENTS/KANDUNGAN 4 Vision & Missi
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MRCB laporan tahunan 2011 / 3
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CORPORATE INFORMATION MAKLUMAT KORP
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EDUCATING YOUTH / MRCB laporan tahu
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ENVIRONMENTAL INITIATIVES As a lead
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As the construction project is in t
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23 Mar MRCB receives BrandLaureate
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19-21 Jun MRCB Participates in Lang
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15 Sept MRCB Presents Key to SME Co
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6 Dec MRCB Holds EDL Briefi ng MRCB
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NOTICE OF DIVIDEND PAYMENT NOTICE I
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NOTIS PEMBAYARAN DIVIDEN DENGAN INI
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Left Dato’ Chong Pah Aung Indepen
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Datuk Mohamed Razeek Md Hussain Mar
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Dato’ Abdul Rahman Ahmad Independ
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Che King Tow Independent Director P
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Jamaludin Zakaria Independent Direc
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Member The Edge Billion Ringgit Clu
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ENGINEERING & CONSTRUCTION KEJURUTE
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Dear Valued Shareholders, Malaysian
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throughout the building. Buoyed by
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Our portfolio includes Stesen Sentr
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PENYATA PENGERUSI Para Pemegang Sah
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Pelbagai anugerah berjaya dicapai s
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Di Johor, Lebuhraya EDL dan Hospita
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Tujuan utama taklimat ini adalah un
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CHARTS Group Revenue (RM Million) 1
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Retail Peruncitan Chief Operating O
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Infrastructure, Concession & Enviro
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BUILDING GREEN / MRCB laporan tahun
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OPERATIONS REVIEW Property Developm
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award-winning architectural and pro
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Lot E: KL Sentral Park KL Sentral P
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Lot G: Offi ce (Perdana Sentral) An
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Completed Developments At Kuala Lum
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Plaza Sentral represents a sound in
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Selbourne Square, Shah Alam MRCB Se
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Plaza Alam Sentral With 91% occupan
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OPERATIONS REVIEW Engineering & Con
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The Brickfi elds and Kuala Lumpur S
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OPERATIONS REVIEW Infrastructure, C
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MRCB’s capability in the rehabili
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OPERATIONS REVIEW Building Services
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NEW GREEN TECHNOLOGY VENTURES Among
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of the planned six million sq. ft.
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OPERATIONS REVIEW Group Support Ser
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The Terms of Reference of each Comm
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Table 3: Details of attendance of m
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Table 6: Details of Aggregate Direc
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f Keeping tabs with the company’s
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d annual general meeting (“agm”
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penYata taDBIr UrUs Korporat Lembag
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Jadual 2: Butiran kehadiran ahli di
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Jadual 4: Butiran kehadiran ahli di
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4. tatacara LemBaga pengaraH Lembag
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c pencegahan penipuan Lembaga Penga
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MRCB juga terus diwakili sebagai ah
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• the going concern assumption; a
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viii) Deliberated and approved the
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• sebarang perubahan dasar dan am
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v) Mengkaji penemuan audit dan audi
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penYata KaWaLan DaLaman Lembaga Pen
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Laporan pengUrUsan rIsIKo Salah sat
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v) sanctions and/or penalties Impos
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v) sekatan dan/atau Denda yang Dike
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KontraK-KontraK pentIng mrcB (JanUa
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anaLIsa pegangan saHam PADA 31 JANU
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MRCB laporan tahunan 2011 / 143 nam
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MRCB laporan tahunan 2011 / 145 nam
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MRCB laporan tahunan 2011 / 147 Des
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FINANCIAL REPORT 2011 150 Directors
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DIRECTORS (cont’d) In accordance
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STATUTORY INFORMATION ON THE FINANC
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INDEPENDENT AUDITORS’ REPORT TO T
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STATEMENTS OF COMPREHENSIVE INCOME
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STATEMENTS OF FINANCIAL POSITION AS
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CONSOLIDATED STATEMENTS OF CHANGES
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COMPANY STATEMENTS OF CHANGES IN EQ
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STATEMENTS OF CASH FLOWS FOR THE FI
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OPERATING ACTIVITIES (cont’d) / M
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FINANCING ACTIVITIES / MRCB laporan
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2 SUMMARY OF SIGNIFICANT ACCOUNTING
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4 FINANCIAL RISK MANAGEMENT (cont
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4 FINANCIAL RISK MANAGEMENT (cont
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5 ACQUISITION OF SUBSIDIARIES (cont
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7 INTANGIBLE ASSETS The carrying am
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10 OTHER INCOME Group Company 2011
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12 STAFF COSTS Group Company 2011 2
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15 INCOME TAX EXPENSE (a) Tax charg
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16 EARNINGS PER SHARE (a) Basic ear
Page 207 and 208: 17 PROPERTY, PLANT AND EQUIPMENT (c
Page 215 and 216: 18 INVESTMENT PROPERTIES (cont’d)
Page 217 and 218: 19 PROPERTY DEVELOPMENT ACTIVITIES
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Page 221 and 222: 21 SUBSIDIARIES / MRCB laporan tahu
Page 223 and 224: 23 JOINTLY CONTROLLED ENTITIES Grou
Page 225 and 226: 25 DEFERRED TAX Deferred tax assets
Page 227 and 228: 27 TRADE AND OTHER RECEIVABLES Grou
Page 229 and 230: 27 TRADE AND OTHER RECEIVABLES (con
Page 231 and 232: 30 DEPOSITS, CASH AND BANK BALANCES
Page 233 and 234: 31 SHARE CAPITAL (cont’d) Employe
Page 235 and 236: 33 LOAN STOCKS AT COST The loan sto
Page 237 and 238: 35 SENIOR AND JUNIOR SUKUK (cont’
Page 239 and 240: 37 LONG TERM BORROWINGS - SECURED (
Page 241 and 242: 39 TRADE AND OTHER PAYABLES Group C
Page 243 and 244: 41 SHORT TERM BORROWINGS Secured: G
Page 245 and 246: 43 RELATED PARTY DISCLOSURES (cont
Page 247 and 248: 46 SUBSIDIARIES, JOINTLY CONTROLLED
Page 253 and 254: 47 SEGMENT REPORTING Management has
Page 255 and 256: 47 SEGMENT REPORTING (cont’d) Yea
Page 257: 48 SIGNIFICANT EVENTS DURING THE FI
Page 261 and 262: PROXY FORM (Please see the notes be
Page 263 and 264: BORANG PROKSI (Sila Lihat Nota-Nota
Page 265: MaLaYSIan reSourCeS CorporaTIon Ber
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